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Category: germany

Europe Risks ‘Deflationary Spiral’ As German Data Raises Alarm

September 29, 2020September 29, 2020

If Christine Lagarde and the ECB were already fretting about deflation risks in the months

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‘We Finally Have A Number’: German Economy Logs Largest Contraction In Recorded History

July 30, 2020July 30, 2020

“Massive slump” — that’s how Germany’s Federal Statistical Office described the worst quarterly performance on

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Reopening Optimism Trumps All Other Considerations As Equities Climb Wall Of Worry

May 25, 2020May 25, 2020

“…it does not take much analytical skill to predict a much stronger slump in the second quarter”.

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1 Comment on Reopening Optimism Trumps All Other Considerations As Equities Climb Wall Of Worry

Germany Suffers Second Largest Contraction Since Unification. And There’s More To Come.

May 15, 2020May 15, 2020

“The recovery began with the cautious lifting of the lockdown at the beginning of May, but…”

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As Economic Confidence Collapses In Europe, Germany Pays Workers To Stay Home

March 30, 2020March 30, 2020

The difference is that “all these workers are all still employed”.

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50 Cent Gasoline, A Sub-Trillion Apple, Germany’s Bazooka And 100% Recession Odds

March 23, 2020March 23, 2020

Markets continue to throw off a veritable smorgasbord of consequential and amusing headlines.

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oil4 Comments on 50 Cent Gasoline, A Sub-Trillion Apple, Germany’s Bazooka And 1004 Recession Odds

Any Dawn Will Do. Stocks Up, Dollar Down, Germany Mulls Nationalizations

March 20, 2020March 20, 2020

False dawn? Maybe. But…

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Mar-A-Lago Accord, Untradeable FX And The Dangers Of Shutting Markets

March 19, 2020March 19, 2020

“FX remains untradeable”.

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That’s A Record Plunge In German Investor Confidence For Anyone Keeping Score

March 17, 2020March 17, 2020

Bleak.

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Limit-Up/Limit-Down Rolls On, As Germany Teases ‘Unlimited’ Economic Support

March 13, 2020March 13, 2020

“We won’t do things by half-measures”.

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‘A Tragic But Important Lesson’: In Germany, Fear Of Deficit Demon Collides With Recession Reality

February 26, 2020February 26, 2020

“The problem is that they created a monster—literally erecting monuments to honor the zeroing out of deficits.”

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1 Comment on ‘A Tragic But Important Lesson’: In Germany, Fear Of Deficit Demon Collides With Recession Reality

Don’t Read The Fine Print On Best German Factory PMI In 13 Months

February 21, 2020

“…the observed jump in the headline index flatters the sector’s current trajectory”.

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Big Miss On German Investor Confidence Is Bad Omen For Virus Fallout

February 18, 2020

“Further corrections” may be in the offing.

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Germany’s Obsession With ‘Black Zero’ Fiscal Policy Now Borders On Psychosis

February 14, 2020

There has to be a pain threshold.

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2 Comments on Germany’s Obsession With ‘Black Zero’ Fiscal Policy Now Borders On Psychosis

Markets Ill At Ease In New Week As Coronavirus, Kramp-Karrenbauer Downfall Weigh

February 10, 2020February 10, 2020

Testing investors’ deeply-ingrained Pavlovian dip-buying instincts…

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Germany, Which Runs A Surplus And Can Borrow For Free, Posts Worst Industrial Production Plunge Since Crisis

February 7, 2020February 7, 2020

The YoY print was, in a word, terrible.

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‘Horror Show’: Germany Posts Worst Factory Orders Drop In A Decade

February 6, 2020February 6, 2020

There’s no way to spin this.

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Look, Green Shoots! And Just In Time For Viral Roundup

January 30, 2020January 30, 2020

The question is whether it’s durable.

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4 Comments on Look, Green Shoots! And Just In Time For Viral Roundup

Germany Just Logged The Worst Annual Growth In 6 Years (While Posting An Eighth Straight Budget Surplus)

January 15, 2020January 15, 2020

A year to forget.

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Utterly Terrible: Order Book Contraction Nightmare Drags Into 18th Month In Germany

January 8, 2020January 8, 2020

It’s dire. With apologies, there’s no other way to describe it.

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Markets Adrift As Traders Search For Catalysts Amid Trade Lull

December 18, 2019December 18, 2019

Expect details around the trade deal to remain scant in the near-term.

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Germany Can’t Catch A Break As Manufacturing Slump Refuses To Abate

December 16, 2019December 16, 2019

“A weak end to a difficult year for the German economy”.

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Monday ‘Green Shoots’ As Germany, Japan Deliver Upside Surprises On Key Data

December 9, 2019December 9, 2019

Still, nobody should get too excited.

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So, Germany Just Reported The Biggest Plunge In Industrial Output In A Decade

December 6, 2019December 6, 2019

If it’s always darkest before dawn, this is great news.

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Europe’s Very Bad Day Comes Courtesy Of Perfect Storm

December 2, 2019December 2, 2019

Such are the tragic ironies…

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Spotted In Europe: Green Shoots

November 29, 2019November 29, 2019

Just in time to wither and die, probably.

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As NATO Faces Irrelevance, Trump Blamed In Brussels For Stoking Existential Crisis In Europe

November 27, 2019

“For the first time in history, there is an American president who is openly against a united Europe”.

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Monthly Letter+

  • Lost At Sea

    March 11, 2023March 11, 2023

Week’s News

It’s Not A Wage-Price Spiral. It’s ‘Greedflation’!

March 23, 2023March 23, 2023

Fed Delivers Dovish Hike Amid Bank Crisis

March 22, 2023March 23, 2023

Xi, Putin Revel In Pageantry As Show Of Defiance

March 20, 2023March 22, 2023

The Swiss Killed The CoCos

March 20, 2023March 21, 2023

Book Closes On Credit Suisse After 167 Years

March 19, 2023March 20, 2023

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  • It's Not A Wage-Price Spiral. It's 'Greedflation'!
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  • Ambiguous New Home Sales Suggests Prices Firmed After Drop
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Recent Comments

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  • justmyopinion on It’s Not A Wage-Price Spiral. It’s ‘Greedflation’!
  • John Liu on TikTok CEO Says Xi Jinping Not Hiding In App

Monthly Letters

Lost At Sea

March 11, 2023March 11, 2023

Exiles On Main Street

February 4, 2023March 11, 2023

That’s Great, It Starts With An Earthquake

January 22, 2023February 4, 2023

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